Brazilian Treasury Secretary Mansueto Almeida is to step down, news that roiled financial markets on Monday as investors worried that a country reeling from pandemic and recession was losing a leading advocate for fiscal discipline.
FILE PHOTO: Brazil's Secretary of the Treasury Mansueto Almeida attends an interview with Reuters in Brasilia, Brazil February 12, 2020. Picture taken February 12, 2020. REUTERS/Adriano Machado
Rumors have swirled for some time that Almeida, 52, was close to leaving. He confirmed on Sunday evening that he was doing do, without giving reasons. Brazil has passed every country but the United States in confirmed coronavirus cases and related deaths, while its economy hurtles toward what could become its worst crash ever.
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